Abits Group (ABTS) Stock Price, News & Analysis

Company Overview

Abits Group Inc. operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Causeway Bay, Hong Kong.

Key Stats

• Today's Range: $0.45 to $0.49
• 50-Day Range: $0.43 to $0.72
• 52-Week Range: $0.38 to $1.60
• Volume: 66,790 shs
• Average Volume: 79,358 shs
• Market Capitalization: $16.18 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Abits Group Stock Analysis - MarketRank™

Abits Group scored higher than 16% of companies evaluated by MarketBeat, and ranked 308th out of 333 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Abits Group.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Abits Group has a P/B Ratio of 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.05% of the float of Abits Group has been sold short.

Short Interest Ratio / Days to Cover

Abits Group has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Abits Group has recently decreased by 12.75%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Abits Group does not currently pay a dividend.

Dividend Growth

Abits Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.05% of the float of Abits Group has been sold short.

Short Interest Ratio / Days to Cover

Abits Group has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Abits Group has recently decreased by 12.75%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: N/A

News Sentiment

Abits Group has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Abits Group this week, compared to 0 articles on an average week.

Search Interest

1 people have searched for ABTS on MarketBeat in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Abits Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 6.73% of the stock of Abits Group is held by insiders.

Percentage Held by Institutions

Only 0.20% of the stock of Abits Group is held by institutions.

ABTS Stock Analysis - Frequently Asked Questions

How have ABTS shares performed this year?

Abits Group's stock was trading at $1.1401 at the beginning of 2024. Since then, ABTS shares have decreased by 60.1% and is now trading at $0.4550.
View the best growth stocks for 2024 here.

How do I buy shares of Abits Group?

Shares of ABTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Abits Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Abits Group investors own include SoFi Technologies (SOFI), ChargePoint (CHPT), Lithium Americas (LAC), Alamos Gold (AGI), Argo Blockchain (ARBK), bluebird bio (BLUE) and Clover Health Investments (CLOV).

Company Calendar

• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Nondepository credit institutions
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:ABTS
• Previous Symbol: NASDAQ:ABTS
• CUSIP: N/A
• CIK: 1864055
• Web: www.moxianglobal.com
• Phone: 852-9855-6575
• Fax: N/A
• Employees: 11
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.83
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $1.68 million
• Price / Sales: 9.63
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.32 per share
• Price / Book: 1.42

Miscellaneous

• Outstanding Shares: 35,560,000
• Free Float: 33,162,000
• Market Cap: $16.18 million
• Optionable: Optionable
• Beta: 2.66